Totokaelo and Need Supply to Close Permanently

Parent company NSTO has announced that the two retailers will be winding down.

By
Fashion
10,641 Hypes 7 Comments

Both Need Supply and Totokaelo are to wind down operations over the coming months, with the closures announced in a statement by parent company NSTO. The two multi-brand retailers formed a group two years ago, building on the partnership that had been developed by their backers Cormack Capital, the investment firm run by Herschel Supply co-founders Jamie and Lyndon Cormack.

The closures will affect Totokaelo’s stores in Seattle and New York, as well as Need Supply’s Richmond base and web store. Unsurprisingly, the decision was brought on by the Coronavirus pandemic, with the two retailers struggling to shift their spring inventory earlier this year.

The two NSTO-backed companies are the latest fashion institutions to be forced to shut by the COVID-19 and stay-in-place orders. Just last month, New York-based Sies Marjan also announced that it would be closing its doors.

In other fashion news, G-Star RAW has filed for bankruptcy.

Read Full Article

What to Read Next

Richard Mille Unveils Baby-Blue/Orange Cermet RM 11-05 Watch
Watches

Richard Mille Unveils Baby-Blue/Orange Cermet RM 11-05 Watch

The material is lighter than Titanium but just as hard as diamond.

Satisfy Drops Limited-Edition Eco-Friendly Vinyl
Music

Satisfy Drops Limited-Edition Eco-Friendly Vinyl

“The High” consists of four improvisations by Guy Blakeslee and Yancy Scot Schwartz.

Midnight Studios and AKILA Introduce the Mickey Punk-Era Sunglasses
Fashion

Midnight Studios and AKILA Introduce the Mickey Punk-Era Sunglasses

Inspired by designer Shane Gonzales’ own DIY aesthetic.


Pocari Sweat Taps NINM Lab for 40th Anniversary Summer Capsule
Food & Beverage

Pocari Sweat Taps NINM Lab for 40th Anniversary Summer Capsule

Collectible goods from the Japanese sports drink.

Instagram Launches Pinned Comments Feature Globally
Tech

Instagram Launches Pinned Comments Feature Globally

Hoping to fight online toxicity and harassment.

BYBORRE Previews Conscious and Compact Edition8 Collection
Fashion

BYBORRE Previews Conscious and Compact Edition8 Collection

Including collaborations with GORE-TEX and The Woolmark Company.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.